The NSE:MFSL is showing the previous High High (point #3 in chart) or Higher Low (point #4 in the chart) as the range bounded movement.
Potentially the move can happen in any direction.
But quite likely it will be in upside only as the volume buildup is positive and increasing.
Trade : Both sides ( green color price tags for Long, red color price tags for...
Stock is trading in a channel and also making Lower Lows & Lower Highs, let's see what's on the cards in the future!
Mark the important levels for your Intraday or positional trades.
NSE:MFSL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
#MaxFinancialServices W breakout pattern seen on daily with >average volume. Caution on momentum divergence.
momentum on shorter timeframe climbed into bullish zone along with that of long/medium term.
Even a 50FIB trend projection from last swing could be 2% from current price levels.
NSE:MFSL
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart...
NSE:MFSL 3-4 months of consolidation. Breaks out above 650 and closes up with decent volumes. Buy above 660 for 130-150 points. Exit if closes below 630.
